The S&S is at a t critical point of having broken and rejected once from the previous trend support turning into resistance. A new lower local low would likely lead to a drop to at least the golden pocket if not more.
Not
Just about reaching the first profit target of the 1.618 fib levelA clear and voluminous bounce from here would then be signal to exit the remainder of the trade or hedge your position
Not
1.618 hit, looking like bulls might be too weak to hold up the support here and create some kind of bottom formation; like the example-H&S patter I drew on the chart for example.Next target 2.618
Not
Decision time:Not
The most bearish case scenario I see for this winter:Not
If you are short, I would think about setting SL in profit or stop-market buy on spot trading that are in profit. (not financial advice)When it does turn around, it will probably be very very fast.
However, this doesn't mean we can't still enter a bigger correction to near 3,000
Not
more profit targets:Not
Last point of resistance!If we break resistance hold those short-hedges and maybe close the remainder of the short!
If we hold resistance and break-down below some key range levels with volume we should continue our way back to the bottom of the newly forming trend-support
Not
bears remain in control for now!Not
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.